[Adopted as Art. 3, § 7, of the Town Bylaws]
[Amended 5-3-2016 ATM by Art. 23]
There is hereby established within the Town of Sharon a committee
to be known as the "Priorities Committee," to be made up of six members
detailed as follows: the Chairperson and Clerk of the Select Board;
the Chairperson and the Vice Chairperson of the School Committee;
and the Chairperson and the Vice Chairperson of the Finance Committee.
Each respective board or committee may designate a member other than
the member indicated herein to serve on the within Committee and may
designate an alternate to serve should a member be unable to attend
any meeting. The above members shall serve by virtue of their original
board or committee memberships, and their membership on the Priorities
Committee shall terminate should a member's original board or committee
membership terminate for any reason. Each respective Chairperson shall
serve as Chairperson of the Priorities Committee for a term of one
year, beginning with the Chairperson of the Select Board, then the
Chairperson of the School Committee and the Chairperson of the Finance
Committee.
The Priorities Committee's duties shall be as follows:
A.
Inform itself of the Town's revenue forecasts, sources of funding
for the current fiscal year and estimates for the next fiscal year;
B.
Inform itself of the Town's fixed uncontrollable special expenditure
items;
C.
Inform itself of an estimate of available appropriations;
D.
Aid and coordinate budget forecasts for the Select Board, School
Committee and Finance Committee;
E.
Inform itself of sources of revenue including, without limitation,
state aid, excise taxation, payments in lieu of taxes and taxation
revenues;
F.
Inform itself of and forecast debt levels and the availability of
free cash;
G.
Present to the Select Board, School Committee and Finance Committee
a coordinated financial forecast and projected budget allocations
and/or adjustments related thereto for the ensuing fiscal year.
